The Senate President, Mircea Abrudean, opened on Monday the works of the plenary reunion of the NATO Industrial Consultative Group (NIAG), taking place at the Parliament Palace, occasion on which he emphasized Romania’s commitment to the objectives of the organisation. In the message adressed to the participants, the Senate President emphasized the essential role of NIAG as a brdige between NATO and the defense industry of the member states, offering a structured and constructive channel for information regarding the newest trends and innovative solutions, a press release published on Monday on the site of the legislative forum says. Abrudean reiterated Romania’s commitment to the NATO objectives and mentioned our country’s efforts to transform investments in defense into an engine of economic growth and technological progress. Among the major projects mentioned are the investment of the South Korean company Hanwha Aerospace in a new shell factory in Dambovita county, which will generate up to 2,000 jobs, as well as the partnership with Rheinmetall for the construction in Brasov of the most modern dust factory in the European Union with an investment of over 500 million euros. The event brought together representatives of the defence industry from the North Atlantic Alliance member states, NATO experts and officials, in a dialogue framework dedicated to industrial cooperation and technological innovation in the field of defence. The NIAG plenary meeting, held for the first time in Bucharest, provides a framework for extensive cooperation between NATO and the defence industry, with the aim of identifying practical solutions for building a safer and more stable future, reads the release quoted.
Representatives of the ruling Social Democratic Party, PSD, gathered for a congress in Bucharest on Friday, November 7, to elect new leadership and to amend the party’s Statute. The only candidate for party leader is Sorin Grindeanu, who held the interim position after Marcel Ciolacu's resignation in May. In his speech at the congress, Sorin […]
The e-commerce sector recorded strong early results on Black Friday 2025, according to real-time data released on Friday, November 7, by PayU GPO Romania from its dedicated Media Center. By 14:10, the payment processor reported successful transactions totaling RON 514 million (roughly EUR 101 million). PayU said shoppers had made roughly 889,000 purchases, with around […]
Contakt Express Logistik, one of Romania’s leading retailers of mobile phone and tablet accessories, with a network of over 235 stores, is set to launch the initial public offering (IPO) between November 12 and December 3, 2025. The company offers a wide range of products, including cases, screen protectors, chargers, and gadgets, both in physical […]
Romania attracts fewer international tourists today than it did during the communist era, making it the only country in Europe in this situation, the National Association of Travel Agencies (ANAT) warned, as reported by news agency Agerpres. According to the organization, Romania received more than 3.4...
InterCapital ETF, the first international ETF provider in Romania, will launch two new exchange-traded funds on the Bucharest Stock Exchange starting November 11, 2025. The new instruments are the InterCapital CROBEX10 TR UCITS ETF, which offers exposure to the Croatian blue-chip equity market by tracking the performance of the CROBEX10tr index, and the InterCapital EUR […]
The Competition Councils of Romania, Bulgaria, and the Republic of Moldova have granted the necessary authorizations and approvals for the completion of the transaction through which Maspex Romania takes over the majority shareholding of Purcari Wineries. The Maspex Group, which has been present in Romania for nearly 30 years, became the majority shareholder of one […]
